I haven’t seen any well articulated arguments about why this is so evil. I think it’s not likely to succeed because it’s a complicated 3-party transaction but I can’t understand why it’s evil.
it extends the worse thing that exists in our society: "It's easier to make money if you have money."
This is what creates and enforces our class system, this is what makes it harder for historically disadvantaged groups to get ahead, and such a product would just extend this.
2) This reinforces the already prevalent social phenomenon in which well-connected people with rich friends get all the opportunities.
There used to be a time when companies saw employees as long-term assets, to be invested in, educated and trained, given space to grow and learn. Here, they're seen as such liabilities that they need to mitigate the financial risk a company could possibly take, but still ultimately be as disposable as ever.
Pretty solid take on all of this: https://twitter.com/doctorow/status/1445902596653260800